Looking to diversify beyond FSMSX? The mutual funds below have the lowest correlation with FSMSX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FSMSX.
Best Diversifiers for FSMSX
20 mutual funds have low correlation with FSMSX (below 0.3), 7 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.16 | -0.04 | 0.05 | 53 | Multistrategy | FSMSX vs QSPRX | |
| AQR Style Premia Alternative Fund Class N | -0.16 | -0.04 | 0.05 | 52 | Multistrategy | FSMSX vs QSPNX | |
| AQR Style Premia Alternative Fund | -0.16 | -0.03 | 0.05 | 52 | Multistrategy | FSMSX vs QSPIX | |
| Stone Ridge Diversified Alternatives Fund | -0.14 | -0.07 | -0.03 | 87 | Multistrategy | FSMSX vs SRDAX | |
| AQR Diversified Arbitrage Fund Class N | -0.04 | 0.10 | 0.15 | 99 | Multistrategy | FSMSX vs ADANX |
See all 28 diversifiers for FSMSX
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